Indian bonds see biggest fall in two months; rupee gains on RBI

Thursday, April 6, 2017, 6:55 PM

Indian bond yields saw their biggest spike in two-months, while the rupee hit a 20-month high against the dollar, after the central bank kept its policy rate on hold and said it was preparing to drain liquidity from the banking system. The RBI left the repo rate at 6.25% as widely expected, in line with other Asian central banks that have held rates this-month.